IR35 post April 2020: Choosing a legitimate Umbrella IR35 post April 2020: Choosing a legitimate Umbrella
Page 1 of 5 123 ... LastLast
Posts 1 to 10 of 42
  1. #1

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    20,782

    Default IR35 post April 2020: Choosing a legitimate Umbrella

    If you've come here looking for advice regarding umbrella companies here it is.

    Choose a company that complies with HMRC guidelines and current UK legislation*.

    You can find a selection here (not perfect but it’s the best we’ve got): FCSA • Members Directory • Accredited Members FCSA

    Some companies will offer you the moon on a stick, or 80%+ of your day rate, or a 'unique solution' to IR35. It sounds too good to be true, doesn't it?

    That's because it is.

    Have a read of this: Don't be fooled by imposter umbrella companies

    Because if you join them you will very likely end up here HMRC Scheme Enquiries

    Also, have a read of this: https://www.contractoruk.com/forums/...-umbrella.html

    And read the contract before you sign!

    And then check if the company is in the London Gazette.

    And for newbies, definitely don't join a company with offices in the Isle of Man or Jersey (or Directors with any association to IOM, now or in the past).

    Just don't.

    (*When an umbrella states that they are 'Fully HMRC compliant', ask them what they mean by this - do they mean that they comply with HMRC guidelines? HMRC do not offer compliance reviews and will not 'approve' umbrella companies. Basically they say this just to get you to sign up.)
    Last edited by cojak; 2nd March 2020 at 12:38. Reason: Updated to reflect recent discoveries
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  2. #2

    Still gathering requirements...


    Join Date
    Jan 2017
    Posts
    79

    Default

    Who do people rate as a good umbrella company?

  3. #3

    My post count is Majestic

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    44,634

    Default

    Contractorumbrella. Lucy who's the MD is all over this and has put a lot of effort in to fighting legislation in the past. Being very active on the forums she'll know exactly what's going on and what our situation is.

    Oh, she runs the All Umbrellas Are Equal bit as well.

    Www.contractorumbrella.com
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  4. #4

    Fingers like lightning


    Join Date
    Feb 2013
    Location
    Ipswich, Suffolk
    Posts
    832

    Default

    Quote Originally Posted by NHS1979 View Post
    Who do people rate as a good umbrella company?
    Hi NHS1979, always happy to help, just give me a shout and I can talk you through everything you need to know.

  5. #5

    Fingers like lightning


    Join Date
    Feb 2013
    Location
    Ipswich, Suffolk
    Posts
    832

    Default

    Quote Originally Posted by northernladuk View Post
    Contractorumbrella. Lucy who's the MD is all over this and has put a lot of effort in to fighting legislation in the past. Being very active on the forums she'll know exactly what's going on and what our situation is.

    Oh, she runs the All Umbrellas Are Equal bit as well.

    PAYE Umbrella Companies for UK Contractors | Contractor Umbrella Company
    Thank you

  6. #6

    Should post faster


    Join Date
    May 2015
    Posts
    120

    Default

    Apologies for what may be a very basic question but I have not seriously considered the umbrella route until now. If end-clients require Professional Indemnity insurance to be in place is this expense allowed to be deducted by the umbrella before processing tax/nic etc?

  7. #7

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,398

    Default

    Quote Originally Posted by breaktwister View Post
    Apologies for what may be a very basic question but I have not seriously considered the umbrella route until now. If end-clients require Professional Indemnity insurance to be in place is this expense allowed to be deducted by the umbrella before processing tax/nic etc?
    Most umbrella companies will already have a suitable Professional Indemnity insurance policy and you would be covered by it..
    merely at clientco for the entertainment

  8. #8

    More time posting than coding


    Join Date
    Oct 2006
    Posts
    243

    Default

    You don't need insurance for yourself if you are using an umbrella. The umbrella has insurance which the agent will want to see sight of.

    The only thing you need to do when using an umbrella is just to turn up for work, do your time sheets and then get paid and receive your pay slip.

  9. #9

    Should post faster


    Join Date
    May 2015
    Posts
    120

    Default

    Another umbrella related query: I am talking to a few agencies regarding PS positions and have said that I would consider taking an "inside IR35" role if something could be arranged regarding T&S. My logic on this is that, if I am deemed to be an employee of the client then why can they not put "away from home on employers business" expenses through their accounts as a legitimate business expense?

    My question is how such an arrangement would be billed and processed via an agency and umbrella?

  10. #10

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,398

    Default

    Quote Originally Posted by breaktwister View Post
    Another umbrella related query: I am talking to a few agencies regarding PS positions and have said that I would consider taking an "inside IR35" role if something could be arranged regarding T&S. My logic on this is that, if I am deemed to be an employee of the client then why can they not put "away from home on employers business" expenses through their accounts as a legitimate business expense?

    My question is how such an arrangement would be billed and processed via an agency and umbrella?
    This is covered in the FAQs I spent ages researching which you seem to want to ignore while asking utterly pointless questions about:

    See the bottom bit of http://forums.contractoruk.com/publi...ml#post2360157 . But as a hint the umbrella would treat your expenses as income so you would get a nasty surprise.
    merely at clientco for the entertainment

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •